Closed GM Plant In Delaware May Make Hybrids
STEVE INSKEEP, host:
NPR's business news starts with new plans for an old car plant.
(Soundbite of music)
INSKEEP: It's a General Motors plant in Wilmington, Delaware, and it's sitting idle, although its assembly lines may soon move again. The Wall Street Journal, the Detroit Free Press and others are reporting that an upstart carmaker plans to take over that plant and build new hybrid electric vehicles.
The company is called Fisker. It has received hundreds of millions of dollars in government loans to develop hybrids. It's based in California and it already has plans for a pricey hybrid sports car set to hit American roads next summer. Fisker will reportedly use the Wilmington plant to make a family sedan priced at about 48,000 bucks.
Vice President Joe Biden, former senator from Delaware, is expected to make an announcement tomorrow.
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